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‘Change in control’ protection for top managers

Companies are increasingly reviewing "golden parachute" provisions to protect top managers during takeovers. A survey of major U.S. firms shows that change-in-control arrangements now typically cover CEOs and roughly 10 senior executives.
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According to BusinessWire, increased takeover activity has companies reviewing ‘golden parachute’ provisions for their top management group.

A recent Towers Perrin CompScan survey of change-in-control (CIC) arrangements among major U.S. companies reveals that plan design continues to evolve to meet changing needs.

Of over 100 companies with CIC arrangements participating in the survey, virtually all provide CIC protection to their CEO and top officers, with the median number of executives covered at 10.

According to BusinessWire, increased takeover activity has companies reviewing 'golden parachute' provisions for their top management group.

A recent Towers Perrin CompScan survey of change-in-control (CIC) arrangements among major U.S. companies reveals that plan design continues to evolve to meet changing needs.

Of over 100 companies with CIC arrangements participating in the survey, virtually all provide CIC protection to their CEO and top officers, with the median number of executives covered at 10.

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